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19. BANKRUPTCY SETTLEMENT MRS. FIELDS ORIGINAL COOKIES Pursuant to A.R.S. § 42-18352 accept a proposed settlement with bankrupt, Mrs. Fields Original Cookies for its payment of a total of $5,000 to the Treasurer toward the amount owed for personal property taxes and accrued interest of $6,396.64 (approximately $2,500 of which is interest) in exchange for abating a portion of the interest--in the approximate amount of $1,300. Personal property taxes and/or accrued interest, or a portion thereof, may be abated pursuant to A.R.S. § 42-18352 when cost of pursuing the statutory lien sale and collection procedures or the cost of the seizure and sale of personal property pursuant to A.R.S. § 42-18401 would equal or exceed the revenue that could be derived. See A.R.S. § 42-18351(4). A review was conducted by the Treasurer, and it appears that the cost of pursuing the statutory lien sale and collection procedures, and the cost of seizure and sale of the personal property pursuant to A.R.S. § 42-18401, would equal or exceed the revenue that could be generated. (C-43-10-037-S-01)